If you want to invest in City of Colorado Springs, be aware that it has fairly strict restrictions, while areas outside the city limits in unincorporated El Paso County tend to be much more flexible.

There are no new “stringent restrictions” on taking bonus depreciation itself.But that doesn’t mean you can automatically use the tax deduction this year.2.

Short-term rentals are facing more and more restrictions in many markets, and there’s always a risk that the business model could be severely limited or even shut down by local regulations.

One thing that bugs me is that a lot of the properties they feature here in the Myrtle Beach area aren't even zoned for short-term rental accommodations, or they're located in an HOA that restricts short-term rentals. 

     · Restrictions on short-term rentals

We learned how the eviction process works and the importance of being financially prepared.Challenges - COVID restrictions prevented us from evicting a non-paying tenant, creating financial strain and delaying cash flow.

Just be sure to check local rules and HOA restrictions for STRs.A couple neighborhoods you might add for better cash flow potential: look into areas just outside of those hot zones like North Linden (carefully vetted), Whitehall, or even parts of the Hilltop if you're open to heavier lifting.

We learned how the eviction process works and the importance of being financially prepared.Challenges - COVID restrictions prevented us from evicting a non-paying tenant, creating financial strain and delaying cash flow.

I only mention it to warn you that there're MORE restrictions than just the "passive activity loss" rules that you must have heard of.One very important concept to remember, and a beneficial one, for a change: restricted (the IRS calls them "disallowed" or "suspended") losses are NOT WASTED.

Which I feel like is wasting money .We've learned too, even though we own our property that there are tons of rules and restrictions things that we thought we can't  do with our property.